PENNSYLVANIA — David McCormick continues to try and link himself to Donald Trump this week, but even Trump has taken McCormick to task over his record of selling out Pennsylvanians. Trump previously slammed McCormick as the “candidate of special interests and globalists” who “managed money for communist China.”
Pennsylvania Democratic Party spokesperson TaNisha Cameron issued the following statement:
“David McCormick can’t hide his long record of selling out American workers by cozying up to Donald Trump. McCormick’s history of prioritizing ultra-wealthy corporations at the expense of working families is disqualifying. Even Trump called him out on his history of managing and investing billions with China while laying off workers in Pennsylvania.”
Here’s What to Know About Trump’s Relationship with Mega-millionaire David McCormick:
- Despite McCormick aggressively seeking the former president’s endorsement during his 2022 campaign, Trump sank McCormick’s campaign when he endorsed Dr. Oz and called McCormick the “candidate of special interests and globalists” who “managed money for communist China.”
- In a podcast interview, McCormick himself admitted that Trump’s opposition hurt his campaign. And according to previous reporting, sharing a ballot with Trump was a concern for David McCormick as he weighed a Senate bid.
WATCH: Trump Slams McCormick as the “Candidate of Special Interests and Globalists”
Here’s What to Know About David McCormick’s Long Record of Selling Out to China:
- David McCormick increased investments in China by 108,000% as CEO of Bridgewater, including companies blacklisted by the U.S. government.
- McCormick increased investments in China from $1.6 million to over $1.77 billion in less than five years.
- McCormick invested in blacklisted Chinese companies with ties to human rights violations and the Chinese military.
- McCormick made his fortune by investing in China while cutting jobs here in Pennsylvania.
- As CEO of Bridgewater, McCormick managed billions of dollars for the Chinese government, making the firm one of the largest foreign money managers in China.
- As CEO of FreeMarkets, McCormick cut jobs in Pittsburgh and opened a new office in China.
- As Treasury Under Secretary for International Affairs in the Bush administration, McCormick said “When China succeeds, the United States succeeds.”
- McCormick: “When China succeeds, the United States succeeds…We owe much of the strength and vitality of our economic relationship today to the remarkable success of China’s economic development over the last three decades …No one here should have any doubt about our admiration for what China has achieved.”
- McCormick opposed initiatives aimed at keeping manufacturing jobs here in America.
- McCormick repeatedly criticized “Buy American” provisions and refused to say he supported Trump’s tariffs on China.
- McCormick bragged about his work in China.
- When asked if he regretted any of his investments, McCormick replied that he was actually “blessed” by China.
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